Another know. You say we gave. Our to keep this Company Running and now this company is making record profits theyre making now our labor they dont want to even give any bag what they want to continue to take and thats not right this trade. Experts say both sides will feel pain from a long strike u. A. W. Workers have a strike fund of 850000000. 00 from which they will receive 250. 00 in weekly strike wages meanwhile Industry Experts say g. M. Will lose about 50000000. 00 each day the strike goes on General Motors stock fell more than 3 and a half percent in monday morning trading. And there was a dramatic though expected turn in the legal drama surrounding part Purdue Pharma the corporate career creator of oxycontin the drug experts place at the center of the u. S. Opioid abuse addiction an overdose crisis on sunday night Purdue Pharma filed for chapter 11 bankruptcy protection to shield that staggering profits from more than 2600 pending suits still pending over produce role in creat
Today we welcome representatives from the Worlds Largest social Media Companies and Online Platforms. We hear from ms. Monica bickert, head of the Global Policy management for facebook. And mr. Nick pickles, Public Policy at twitter. Mr. Derrick slater, global director of information policy at google and mr. George saline, Senior Vice President of programs for the antidefamation league. Platforms have dramatically changed the way we skmcommunica and have been used positively for likeminded groups to come together and shed light on despotic regimes throughout the world. No matter how great the benefit to society these platforms provide, it is important to consider how they can be used for evil at home and abroad. On august 3rd, 2019, 20 people were killed and more than two dozen injured in a mass shooting at an el paso shopping center. Police have said that they are reasonably confident that the suspect posted a manifesto to a website called 8chan 27 minutes prior to the shooting. 8 cha
The white house says there is no chance of meeting halfway. Victim of the trade war, with lackluster sales. They are putting upgrades on hold. Lets get you started with a check of the markets, the dow falling on the s p 500 sinking almost 3 , every sector on the s p 500 in the red. Of course, the yield curve invert in briefly for the First Time Since 2007, recession fears again, giving some anxiety to investors. Wti continues to be under pressure after the u. S. Session losing almost all of the gains from yesterday that we had after we u. S. Tariffs delay, and had the yen, treasuries surging in the u. S. Session. Take a look at yields, because the 10year yield fell towards that 1. 5 level. We also had the yield curve inverting for the First Time Since 2007. That was a brief inversion in the morning session. Not here, but the 30year treasury yield also breaking a record low of 2. 09 . Futures are down 2 10 of 1 , so lets see how markets are shaping up in this very riskoff session. Braci
Adam we are stumbling out the first day of august, examining a market with awaiting streak here. It is looking that way, the dow not so much, the other averages, the major averages up appreciably, the dow is sort of the lag or of the bunch, 7 year to date. When you look at what the nasdaq is doing, the s p, 20 , theres a big come back in stocks. We get a read of how individuals are doing. Dave ramsey, who is good at what people do with their money, worried about a developer and out of the white house today, student loan relief, if the government, the Supreme Court says no, they are trying to work around that. We will talk to him later in this show. I want to go to what the c makes of this rally that is going on and how we started the year can continue for the rest of the year. What do you think . The old adage is sell and demand go away would not have been successful this year. It is almost 10 . This rally surprised a lot of people. The data that has come out, inflation coming down, gd
Interesting to watch after the inflation print. We are standing around 4. 62, and moving one basis point lower. We were at 4. 60 today and you have seen moves of more than 10 basis points this week. We started above 4. 70. Bitcoin above 62,000 darling towards record highs. We were only thousands of dollars away and it has been quite parabolic. Some midday movers on the equity fund ash equity side. We are looking at good news and bad news. Snowflake is falling by the most ever by delivering a disappointing Sales Forecast, and then announcing their ceo is stepping down from the role. We are watching shares at best buy rising on an up earnings outlook and now up more than 3. 6 . The company has been struggling with soft demand and seeing the biggest gain since may of 2000 after the meat producer announced its biggest earningspershare meet since 2013. Bath and body works falling after disappointing sales and profit views in the current quarter, even as results from the Holiday Quarter beat